JustPowerIT

JustPowerIT

Created using Figma
Created using Figma
JPIT- Acquisition of Power Plants to produce behind the meter, decentralized, distributed, independent, self sufficient & tokenized power for the Community. The JPIT STO allows us to Securitize and Tokenize Power assets giving participants the opportunity to participate in the next generation power grid initiative – a truly transparent, distributed SMART grid, based on blockchain technology.
STO
Jan 15, 2019
Apr 15, 2019
0% completed
Raised funds - no Data
upcoming
  • 1 JPIT
    =
    0.1 USD
Pre-STO
Jan 3, 2019
Jan 14, 2019
0% completed
Raised funds - no Data
upcoming
  • 1 JPIT
    =
    0.08 USD
Token Details
Ticker
JPIT
Additional Details
Categories
Platform

About JustPowerIT

With emergence of blockchain technology and the trend toward a DER based grid, the public blockchain makes the most sense. Based on this concept, we have identified power plants in Canada and the USA ready for acquisition and have pursued several in Canada. The power plants include natural gas co-generation and run-of-river hydro power, both of which are green power and environmentally friendly.

The benefits of acquiring power plants in North America include cooler temperatures for larger scale computing operations, ready access to equipment & parts, as well as a skilled and well-educated labour force fluent in English. In addition, these jurisdictions offer stability and rule of law. The acquisition targets identified are currently available at situational discounts, as they are stranded; until recently they have been selling their electric power directly into the power grid and that access is now denied - their Power Purchase Agreements (“PPA”) with the government owned utilities have expired and are not foreseeably renewable. A key factor in identifying these targets was their need for an industrial user of power with a steady state power draw. Accordingly, they are ideal for High Performance Computing (“HPC”) and cryptocurrency mining applications, both of which require steady state power consumption.

 Among other things, the JustPowerIT Securities Token Offering (“STO”) will be used to acquire the stranded power plants. The size of these power plants ranges from 25 to 120 MW. JustPowerIT has identified up to 200 MW in private power to date and has completed preliminary due diligence and prepared Offers for the acquisition of two plants. The replacement cost of these plants would be on the order of US$2 million per MW, but the acquisition cost is a fraction of that amount. The power plants are ideally located, with adjacent land packages. JustPowerIT will use the proximate land to develop state-of-the-art data centers, which in turn, will be used to provide various services which JustPowerIT will offer to the Community. Given the insatiable demand for electricity within the Blockchain Community, JustPowerIT will provide the opportunity to buy power for mining, HPC, and other Blockchain applications, from a private source dedicated to the Blockchain community.

 

Features

JustPowerIT has identified several private power plant acquisitions in Canada and the USA. These acquisition targets meet both demand and cost requirements for cryptocurrency mining and for HPC. Our plan is to acquire private power plants and create a community to provide Mining as a Service (MaaS), HPC, and Hosting services, and allow the Community to use tokens to purchase electricity and services on a decentralized basis.

JustPowerIT will create a data center to be used for mining and HPC that will be dedicated to the Community. JustPowerIT will provide MaaS, HPC and a hosting service and will allow the Community to purchase power with JPIT tokens. JustPowerIT will conduct research and development on site to create synergistic hardware and software solutions to enhance and support its core business.

   

Activity

Activity:
24
VERY LOW
Posts:
35
VERY LOW
Views:
330
VERY LOW
Posts:
35
VERY LOW
Followers:
28
VERY LOW
Likes:
22
VERY LOW
Followers:
118
VERY LOW
Tweets:
36
VERY LOW
30 Days Growth:
65
Alexa
Rank:
3 817 895
VERY LOW
Delta:
0

Participation in events

Team

Verified 31%

Attention. There is a risk that unverified members are not actually members of the team

DIRECTOR OF POWER OPERATIONS
unverified
DIRECTOR OF FINANCE
unverified
TECHNOLOGY LEAD
verified
BLOCKCHAIN STRATEGIST
verified
CHIEF BLOCKCHAIN TECHNICAL ARCHITECT
unverified
CRYPTO CURRENCY EXPERT
unverified
BLOCKCHAIN TECHNICAL ARCHITECT
verified
BLOCKCHAIN TECHNICAL LEAD
unverified
BLOCKCHAIN DEVELOPER
unverified
BLOCKCHAIN DEVELOPER
unverified
PROJECT MANAGER
verified
BUSINESS DEVELOPMENT MANAGER
verified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

CTO AT HIGHMARK GLOBAL
unverified
CEO - PROPINE CAPITAL
unverified
ADVISOR - JAPAN MARKETS
unverified
COO - NEXTPLANET
unverified
CO-FOUNDER - BGS VENTURES
unverified
DIRECTOR - AKASHA CAPITAL
unverified

JustPowerIT Interviews

Rajesh Kutty
As a team member, сan you tell us about your role in the ICO project?
As Technical Lead it will be my job to manage our technical teams for: operation of power generation, build and technical layout of our data centres, and our front and back end software for the Blockchain energy marketplace.
What do you think about idea?
I think the idea behind JPIT is sound. We have put together a great team of depth. Worked hard to build a solid foundation, and lay the ground work for a successful project. The opportunity is huge, and we have just the team to execute on it successfully. We are working towards are LOI's with the power plants, we have identified several power plants with key characteristics, to hopefully provide 200MW of power to our community behind the meter, which also gives us the opportunity to really build out our energy market place and get it right. We aren't flashy, we don't waste money, and we go above and beyond to really make this project. To say the least I am VERY passionate about this project.
Yogesh Betsur
As a team member, сan you tell us about your role in the ICO project?
Blockchain Ambassador , Volunteer & Strategist.
JustPowerIT(JPIT) is an asset backed security token offering designed to leverage Green Distributed Energy Sources within PowerGrids & it's business use cases.
What do you think about idea?
JustPowerIT(JPIT) is an asset backed security token offering designed to leverage Green Distributed Energy Sources within PowerGrids & it's business use cases.
Arabinda Nanda
As a team member, сan you tell us about your role in the ICO project?
Analysis, design and provide the solution for the P2P Electricity Exchange Application backed by blockchain technologies.
What do you think about idea?
Moving power from centralized to decentralized, distributed energy resources will make a revolution in the energy sector. This will allow participants in the energy sector to exchange electricity without a middleman.
Abinash Ghosh
As a team member, сan you tell us about your role in the ICO project?
Project management
What do you think about idea?
Excellent
Somanath Mungarwadi
As a team member, сan you tell us about your role in the ICO project?
Drive Industry transformation solutions through innovative deals for the energy sector - partners , consumers and investors
What do you think about idea?
First of its kind with unprecedented potential in the energy sector creating a community that can benefit and transform the entire energy industry across markets

Last News

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